Ambak, a home loan fintech marketplace, has raised $7 million in funding through pre-series A and seed rounds. According to the company, top investors in the most recent fundraising effort include Advantedge VC, DeVC, Peak XV Partners for pre-series A, and Peak XV's Surge in the seed round, among other angel investors.
In the fiscal year 2025–2026 (FY26), the company hopes to serve over 1 lakh customers by expanding its operations throughout 35 cities. In the same time frame, it also intends to reach the $1 billion disbursement milestone.
According to Ambak, it is enhancing its AI/ML-based loan processing engine, creating vernacular artificial intelligence (AI) bots for improved customer outreach, and fortifying its loan comparison tools.
In order to increase options and strengthen financial penetration nationwide, the company is also collaborating with financiers to co-create products.
The business opened for business in January 2024.
According to the Gurugram-based company, it has more than 50 lenders integrated into its platform, serving 15,000 clients and more than 3,000 middlemen, such as brokers and builders.
Over 35,000 customers will be served over the course of the next 12 months thanks to a partnership with the Delhi Development Authority (DDA).
"As a result of this expansion, Ambak's current investors—Peak XV being the largest—infused an additional $3.7 million in January 2025 to co-develop new products, develop AI tools, and extend distribution to all significant Indian hubs," the company statement.
Within the next five years, the company said, it intends to disburse $20 billion in home finance annually.
"The biggest credit market in India is represented by mortgages. We are pleased with the early execution of Ambak's founding team, who have solid, pertinent experience. In order to meet the diverse needs of banks, intermediaries, and borrowers in the mortgage market, we think they can successfully use technology," stated Ashish Agrawal, managing director of Peak XV.
